Shorepower (SPEV) 10-K 2 Jun 21 2020 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Feb. 29, 2020	May 25, 2021	Aug. 31, 2019
Document And Entity Information [Abstract]
Document Type	10-K
Document Period End Date	Feb. 29, 2020
Entity Registrant Name	UNITED STATES BASKETBALL LEAGUE INC
Title of 12(b) Security	Common Stock
Trading Symbol	usbl
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Public Float			$ 105,000
Entity Common Stock, Shares Outstanding		3,512,527
Entity Central Index Key	0000764630
Current Fiscal Year End Date	--02-29
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Feb. 29, 2020	Feb. 28, 2019
Current Assets:
Cash	$ 301	$ 295
Total assets	301	295
Current Liabilities:
Accounts payable and accrued expenses	245,887	227,638
Credit card obligations	5,127	6,215
Due to related parties	2,158,631	2,134,379
Total Current Liabilities	2,409,645	2,368,232
Total Liabilities	2,409,645	2,368,232
Stockholders' Deficit:
Preferred stock, $0.01 par value; 2,000,000 shares authorized; 1,105,679 shares issued and outstanding	11,057	11,057
Common stock, $0.01 par value, 30,000,000 shares authorized; 3,552,502 shares issued	35,525	35,525
Additional paid-in-capital	2,679,855	2,679,855
Accumulated deficit	(5,093,327)	(5,051,920)
Treasury stock, at cost; 39,975 shares of common stock	(42,454)	(42,454)
Total Stockholders' Deficit	(2,409,344)	(2,367,937)
Total Liabilities and Stockholders' Deficit	$ 301	$ 295

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Feb. 29, 2020	Feb. 28, 2019
BALANCE SHEETS
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	1,105,679	1,105,679
Preferred stock, shares outstanding	1,105,679	1,105,679
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	3,552,502	3,552,502
Treasury stock, shares	39,975	39,975

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Feb. 29, 2020	Feb. 28, 2019
Operating Expenses:
Professional fees	$ 25,640	$ 31,042
General and administrative	3,767	17,341
Rent	12,000	12,000
Total operating expenses	41,407	60,383
Loss from Operations	(41,407)	(60,383)
Other Expense:
Interest expense and other charges		(762)
Total other expenses		(762)
Net loss	$ (41,407)	$ (61,145)
Loss per Common Share:
Basic & Diluted	$ (0.01)	$ (0.02)
Weighted Average Number of Common Shares Outstanding:
Basic & Diluted	3,512,527	3,512,527

STATEMENT OF STOCKHOLDERS' DEFI

STATEMENT OF STOCKHOLDERS' DEFICIT - USD ($)	Common Stock	Preferred Stock	Additional Paid-in Capital	Accumulated Deficit	Treasury Stock	Total
Beginning balance, shares at Feb. 28, 2018	3,552,502	1,105,679			39,975
Beginning balance, value at Feb. 28, 2018	$ 35,525	$ 11,057	$ 2,679,855	$ (4,990,775)	$ (42,454)	$ (2,306,792)
Net Loss				(61,145)		(61,145)
Ending balance, shares at Feb. 28, 2019	3,552,502	1,105,679			39,975
Ending balance, value at Feb. 28, 2019	$ 35,525	$ 11,057	2,679,855	(5,051,920)	$ (42,454)	(2,367,937)
Net Loss				(41,407)		(41,407)
Ending balance, shares at Feb. 29, 2020	3,552,502	1,105,679			39,975
Ending balance, value at Feb. 29, 2020	$ 35,525	$ 11,057	$ 2,679,855	$ (5,093,327)	$ (42,454)	$ (2,409,344)

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Feb. 29, 2020	Feb. 28, 2019
Cash Flows from Operating Activities:
Net loss	$ (41,407)	$ (61,145)
Change in operating assets and liabilities:
Accounts payable and accrued expenses	18,249	19,992
Credit card obligations	(1,088)	868
Net cash used in operating activities	(24,246)	(40,285)
Cash Flows from Investing Activities	0	0
Cash Flows from Financing Activities:
Increase in due to related parties	24,252	40,250
Net cash provided by financing activities	24,252	40,250
Net Increase (decrease) in Cash	6	(35)
Cash, beginning of year	295	330
Cash, end of year	$ 301	295
Supplemental disclosures of cash flow information:
Interest paid		$ 762

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Feb. 29, 2020
ORGANIZATION AND DESCRIPTION OF BUSINESS
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS United States Basketball League, Inc. (“USBL”) was incorporated in Delaware on May 29, 1984 as a wholly owned subsidiary of Meisenheimer Capital, Inc. (“MCI”) for the purpose of developing and managing a professional basketball league, the United States Basketball League (the “League”). Since the inception of the League, USBL has primarily engaged in selling franchises and managing the League. From 1985 and up to the present time, USBL has sold a total of approximately forty active franchises (teams), a vast majority of which were terminated for non-payment of their respective franchise obligations. Seasons from 2008 through 2018, inclusive, have been cancelled. At the present time, USBL does not have any definitive plans as to the scheduling of a new season. USBL is currently in the process of exploring certain strategic alternatives, including the possible sale of the League. On October 30, 2014, USBL dissolved its wholly owned subsidiary, Meisenheimer Capital Real Estate Holdings, Inc. (“MCREH”). MCREH owned a commercial building in Milford, Connecticut until June 19, 2014.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Feb. 29, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the year ended February 29, 2020 or February 28, 2019. Fair value of financial instruments The Company follows paragraph 825‑10‑50‑10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820‑10‑35‑37 of the FASB Accounting Standards Codification (“Paragraph 820‑10‑35‑37”) to measure the fair value of its financial instruments. Paragraph 820‑10‑35‑37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820‑10‑35‑37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820‑10‑35‑37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements on February 29, 2020 and February 28, 2019. Income taxes The Company follows Section 740‑10‑30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. The Company adopted section 740‑10‑25 of the FASB Accounting Standards Codification (“Section 740‑10‑25”) with regards to uncertainty income taxes. Section 740‑10‑25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740‑10‑25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740‑10‑25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740‑10‑25. Net income (loss) per common share Net income (loss) per common share is computed pursuant to section 260‑10‑45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. Recently issued accounting pronouncements In November 2019, the FASB issued ASU 2019‑10, Financial Instruments—Credit Losses (Topic 326), Derivative and Hedging (Topic 815, and Leases (Topic 841). This new guidance will be effective for annual reporting periods beginning after December 15, 2019, including interim periods within those annual reporting periods. The adoption of ASU 2019‑10 does not have a material effect on its financial statements. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Feb. 29, 2020
GOING CONCERN
GOING CONCERN	NOTE 3 – GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has an accumulated deficit of $5,093,327, liabilities of $2,409,645 and no source of revenue. For the year ended February 29, 2020 the Company had a net loss of $41,407, with $24,246 of cash used in operating activities. Due to these conditions, it raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that may result should the Company be unable to continue as a going concern.

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Feb. 29, 2020
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	NOTE 4 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consisted of: February 29, February 28, 2020 2019 Legal and accounting services’ vendors $ 76,163 $ 66,112 Transfer agent and EDGAR agent 8,660 12,462 Rent due Genvest, LLC (an entity controlled by the two former officers of USBL) 144,000 132,000 Accrued interest on MCREH note payable to president of USBL 13,562 13,562 Security deposit due CADCOM (an entity controlled by the two former officers of USBL) 2,725 2,725 Other 777 777 Total $ 245,887 $ 227,638

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	12 Months Ended
	Feb. 29, 2020
DUE TO RELATED PARTIES
DUE TO RELATED PARTIES	NOTE 5 – DUE TO RELATED PARTIES Due to related parties consist of: February 29, February 28, 2020 2019 USBL loans payable to Spectrum Associates, Inc. (“Spectrum”), a corporation controlled by the two former officers of USBL, interest at 6%, due on demand $ 1,324,689 $ 1,314,289 USBL loans payable to the two former officers of USBL, interest at 6%, due on demand 569,317 558,017 USBL loans payable to Daniel T. Meisenheimer, Jr. Trust, a trust controlled by the two former officers of USBL, non-interest bearing, due on demand 48,850 48,850 MCREH note payable to president of USBL, interest at 7%, due on demand 48,000 45,000 MCREH loan payable to Spectrum, non-interest bearing, due on demand 4,500 4,500 MCREH loan payable to president of USBL, non-interest bearing, due on demand 4,000 4,000 MCREH loan payable to Meisenheimer Capital, Inc., non-interest bearing, due on demand 159,275 159,723 Total $ 2,158,631 $ 2,134,379 For the years ended February 29, 2020 and February 28, 2019, interest due under the related party loans were waived by the respective lenders.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Feb. 29, 2020
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 6 – RELATED PARTY TRANSACTIONS For the years ended February 29, 2020 and February 28, 2019, USBL included in operating expenses rent incurred to Genvest, LLC (an entity controlled by the two former officers of USBL) totaling $12,000 and $12,000, respectively.

PREFERRED STOCK

PREFERRED STOCK	12 Months Ended
	Feb. 29, 2020
PREFERRED STOCK
PREFERRED STOCK	NOTE 7 – PREFERRED STOCK Each share of preferred stock has five votes, is entitled to a 2% cumulative annual dividend, and is convertible at any time into one share of common stock. As of February 29, 2020, the Company has not declared any dividends on its preferred stock.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Feb. 29, 2020
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS On April 7, 2021, through a series of Stock Purchase Agreements (the “Purchase Agreements”), the majority owners of the Company, Richard C. Meisenheimer, Daniel T. Meisenheimer, III, James Meisenheimer, Meisenheimer Capital, Inc. and Spectrum Associates, Inc. (the “Sellers”) sold a total of 2,807,181 existing common shares of USBL’s common stock at a per share price of $.065, issued 2,400,000 shares of USBL’s common stock at a per share price of $.10 and sold 1,105,644 of USBL’s existing preferred stock at a per share price of $.053 for a total purchase price of $481,066. There were two purchasers of over 5% of the issued and outstanding shares of USBL’s capital stock following these sales, Emerging Markets Advisory which owns 8.29% of the issued and outstanding shares of USBL’s common stock and EROP Enterprises LLC which owns 29.24% of the issued and outstanding shares of USBL’s common stock and 100% of the issued and outstanding shares of preferred stock. As a result of the sale of common and preferred stock by the Sellers, the Company experienced a change in control. World Equity Markets acted in the capacity of a broker/dealer for the Purchase Agreements and was issued 125,000 shares of common stock for its services. Effective April 7, 2021, the Board of Directors accepted the resignation of Daniel T. Meisenheimer, III as Chairman of the Board of Directors and President of the Company. Effective April 7, 2021 Saeb Jannoun was appointed to fill the vacancy following the resignation of Daniel T. Meisenheimer, III as Chairman of the Board of Directors and President of the Company. Mr. Michael Pruitt also joined the Board.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Feb. 29, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation	Basis of presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Use of estimates	Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.
Concentrations of Credit Risk	Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.
Cash equivalents	Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the year ended February 29, 2020 or February 28, 2019.
Fair value of financial instruments	Fair value of financial instruments The Company follows paragraph 825‑10‑50‑10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820‑10‑35‑37 of the FASB Accounting Standards Codification (“Paragraph 820‑10‑35‑37”) to measure the fair value of its financial instruments. Paragraph 820‑10‑35‑37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820‑10‑35‑37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820‑10‑35‑37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements on February 29, 2020 and February 28, 2019.
Income taxes	Income taxes The Company follows Section 740‑10‑30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. The Company adopted section 740‑10‑25 of the FASB Accounting Standards Codification (“Section 740‑10‑25”) with regards to uncertainty income taxes. Section 740‑10‑25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740‑10‑25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740‑10‑25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740‑10‑25.
Net income (loss) per common share	Net income (loss) per common share Net income (loss) per common share is computed pursuant to section 260‑10‑45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented.
Recently issued accounting pronouncements	Recently issued accounting pronouncements In November 2019, the FASB issued ASU 2019‑10, Financial Instruments—Credit Losses (Topic 326), Derivative and Hedging (Topic 815, and Leases (Topic 841). This new guidance will be effective for annual reporting periods beginning after December 15, 2019, including interim periods within those annual reporting periods. The adoption of ASU 2019‑10 does not have a material effect on its financial statements. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Feb. 29, 2020
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Schedule of accounts payable and accrued expenses	February 29, February 28, 2020 2019 Legal and accounting services’ vendors $ 76,163 $ 66,112 Transfer agent and EDGAR agent 8,660 12,462 Rent due Genvest, LLC (an entity controlled by the two former officers of USBL) 144,000 132,000 Accrued interest on MCREH note payable to president of USBL 13,562 13,562 Security deposit due CADCOM (an entity controlled by the two former officers of USBL) 2,725 2,725 Other 777 777 Total $ 245,887 $ 227,638

DUE TO RELATED PARTIES (Tables)

DUE TO RELATED PARTIES (Tables)	12 Months Ended
	Feb. 29, 2020
DUE TO RELATED PARTIES
Schedule of due to related parties	February 29, February 28, 2020 2019 USBL loans payable to Spectrum Associates, Inc. (“Spectrum”), a corporation controlled by the two former officers of USBL, interest at 6%, due on demand $ 1,324,689 $ 1,314,289 USBL loans payable to the two former officers of USBL, interest at 6%, due on demand 569,317 558,017 USBL loans payable to Daniel T. Meisenheimer, Jr. Trust, a trust controlled by the two former officers of USBL, non-interest bearing, due on demand 48,850 48,850 MCREH note payable to president of USBL, interest at 7%, due on demand 48,000 45,000 MCREH loan payable to Spectrum, non-interest bearing, due on demand 4,500 4,500 MCREH loan payable to president of USBL, non-interest bearing, due on demand 4,000 4,000 MCREH loan payable to Meisenheimer Capital, Inc., non-interest bearing, due on demand 159,275 159,723 Total $ 2,158,631 $ 2,134,379

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS - Additional Information (Details)	12 Months Ended
	Feb. 29, 2020
ORGANIZATION AND DESCRIPTION OF BUSINESS
Entity Incorporation, Date Of Incorporation	May 29, 1984

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($)	Feb. 29, 2020	Feb. 28, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash equivalents	$ 0	$ 0

GOING CONCERN - Additional Info

GOING CONCERN - Additional Information (Details) - USD ($)	12 Months Ended
	Feb. 29, 2020	Feb. 28, 2019
GOING CONCERN
Accumulated deficit	$ 5,093,327	$ 5,051,920
Liabilities	2,409,645	2,368,232
Net loss	41,407	61,145
Cash used in operating activities	$ 24,246	$ 40,285

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - Schedule of Accounts Payable And Accrued Expenses (Details) - USD ($)	Feb. 29, 2020	Feb. 28, 2019
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Legal and accounting services' vendors	$ 76,163	$ 66,112
Transfer agent and EDGAR agent	8,660	12,462
Rent due Genvest, LLC (an entity controlled by the two former officers of USBL)	144,000	132,000
Accrued interest on MCREH note payable to president of USBL	13,562	13,562
Security deposit due CADCOM (an entity controlled by the two former officers of USBL)	2,725	2,725
Other	777	777
Total	$ 245,887	$ 227,638

ACCOUNTS PAYABLE AND ACCRUED _4

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - Schedule of Accounts Payable And Accrued Expenses (Details) (Parenthetical)	12 Months Ended
	Feb. 29, 2020person
CADCOM
Accounts Payable And Accrued Expenses [Line items]
Number of former officers	2

DUE TO RELATED PARTIES - Schedu

DUE TO RELATED PARTIES - Schedule of Due to Related Parties (Details) - USD ($)	Feb. 29, 2020	Feb. 28, 2019
Related Party Transaction [Line Items]
Total	$ 2,158,631	$ 2,134,379
USBL loans payable to Spectrum Associates, Inc. ("Spectrum")
Related Party Transaction [Line Items]
Total	1,324,689	1,314,289
USBL loans payable to the two former officers of USBL
Related Party Transaction [Line Items]
Total	569,317	558,017
USBL loans payable to Daniel T. Meisenheimer, Jr. Trust
Related Party Transaction [Line Items]
Total	48,850	48,850
MCREH note payable to president of USBL
Related Party Transaction [Line Items]
Total	48,000	45,000
MCREH loan payable to Spectrum, non-interest bearing, due on demand
Related Party Transaction [Line Items]
Total	4,500	4,500
MCREH loan payable to president of USBL, non-interest bearing, due on demand
Related Party Transaction [Line Items]
Total	4,000	4,000
MCREH loan payable to Meisenheimer Capital, Inc
Related Party Transaction [Line Items]
Total	$ 159,275	$ 159,723

DUE TO RELATED PARTIES - Sche_2

DUE TO RELATED PARTIES - Schedule of Due to Related Parties (Details) (Parenthetical)	12 Months Ended
	Feb. 29, 2020person
USBL loans payable to Spectrum Associates, Inc. ("Spectrum")
Related Party Transaction [Line Items]
Number of former officers	2
Percentage of interest due on demand	6.00%
USBL loans payable to the two former officers of USBL
Related Party Transaction [Line Items]
Number of former officers	2
Percentage of interest due on demand	6.00%
USBL loans payable to Daniel T. Meisenheimer, Jr. Trust
Related Party Transaction [Line Items]
Number of former officers	2
MCREH note payable to president of USBL
Related Party Transaction [Line Items]
Percentage of interest due on demand	7.00%

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Details)	12 Months Ended
	Feb. 29, 2020USD ($)person	Feb. 28, 2019USD ($)
Related Party Transactions [Line Items]
Other Cost and Expense, Operating | $	$ 12,000	$ 12,000
Genvest LLC
Related Party Transactions [Line Items]
Number of former officers | person	2

PREFERRED STOCK - Additional In

PREFERRED STOCK - Additional Information (Details)	12 Months Ended
	Feb. 29, 2020Voteshares
PREFERRED STOCK
Number of votes for each share of preferred stock | Vote	5
Preferred Stock, Dividend Rate, Percentage	2.00%
Convertible into share of common stock | shares	1

SUBSEQUENT EVENTS - Additional

SUBSEQUENT EVENTS - Additional Information (Details) - Subsequent Event - Purchase Agreements	Apr. 07, 2021USD ($)$ / sharesshares
Subsequent Event [Line Items]
Share issued or sold	125,000
Total purchase price | $	$ 481,066
Two Purchasers of Capital Stock
Subsequent Event [Line Items]
Percentage of ownership on common stock	5.00%
Emerging Markets Advisory
Subsequent Event [Line Items]
Percentage of ownership on common stock	8.29%
EROP Enterprises LLC
Subsequent Event [Line Items]
Percentage of ownership on common stock	29.24%
Common Stock at Per Share Price of $.065
Subsequent Event [Line Items]
Share issued or sold	2,807,181
Price per share | $ / shares	$ 0.065
Common Stock at Per Share Price of $.10
Subsequent Event [Line Items]
Share issued or sold	2,400,000
Price per share | $ / shares	$ 0.10
Preferred Stock
Subsequent Event [Line Items]
Share issued or sold	1,105,644
Price per share | $ / shares	$ 0.053
Percentage of ownership on preferred stock	100.00%